1993 Ford Mustang SVT Cobra Insurance Rates – 8 Ways to Save

Looking for cheaper auto insurance rates for your Ford Mustang SVT Cobra? Car owners that are new to comparing rates online can find sourcing low cost auto insurance is tougher than they thought.

You should make it a habit to do rate comparisons on a regular basis due to the fact that insurance rates are adjusted regularly by insurance companies. Despite the fact that you may have had the best deal on Mustang SVT Cobra coverage a few years ago a different company probably has better prices today. There is a lot of wrong information about auto insurance out there, but we’re going to give you the best ways to buy auto insurance cheaper.

Finding the best rates is easy if you know what you’re doing. If you are paying for car insurance now, you will be able to reduce your rates substantially using these methods. But drivers need to learn how insurance companies market on the web and use this information to your advantage.

Which insurance coverage is cheapest?

To find the cheapest auto insurance quotes, there are several ways to compare prices from lots of insurance coverage companies. The best method to comparison shop is to use the internet to compare rates. This is very easy and can be done using a couple different methods.

  1. The best way consumers can make multiple comparisons is to use a rate comparison form like this one (opens in new window). This style of form eliminates the need for separate quotation requests for every prospective company. One quote request gets coverage cost estimates from multiple low-cost companies. It’s the fastest way to compare.
  2. A harder way to find better pricing requires a visit to each company website and repeat the quote process again and again. For example, we’ll pretend you want to compare rates from GEICO, 21st Century and State Farm. In order to compare rates, you need to go to each individual site to enter the same coverage data repeatedly, which can get rather old.

    For a list of companies in your area, click here.

  3. The least efficient method to find lower rates to and from local insurance agencies. Shopping for insurance coverage online eliminates the middleman unless you require the guidance that only an agent can give. It is possible with some companies comparison shop online but have your policy serviced through an agent.

You can choose any of those ways to find more affodable coverage, but make sure you compare the same coverage information on every price quote you get. If your comparisons have different data you will not be able to find the best deal for your Ford Mustang SVT Cobra. Slightly different coverage limits can mean a large discrepancy in price. And when comparison shopping, getting more free quotes increases your odds of finding the best price.

Find discounts on auto insurance

Companies that sell car insurance don’t necessarily list all available discounts in an easy-to-find place, so we break down both well-publicized and also the more inconspicuous savings tricks you should be using when you buy auto insurance online.

  • Payment Method – If you pay your bill all at once rather than paying monthly you may have a lower total premium amount.
  • Air Bag Discount – Vehicles equipped with air bags or automatic seat belts may earn rate discounts of up to 25% or more.
  • Anti-lock Brake System – Vehicles that have anti-lock braking systems are safer to drive and therefore earn up to a 10% discount.
  • Membership in Organizations – Joining qualifying employment or professional organizations may earn a discount on your next renewal.
  • Safety Restraint Discount – Drivers who require all occupants to buckle up before driving can save a little on the medical payments or PIP coverage costs.
  • Telematics Discount – Drivers that enable driving data collection to look at driving patterns remotely such as Snapshot from Progressive or Drivewise from Allstate might see lower rates if they exhibit good driving behavior.
  • Federal Employees – Federal government employees could provide a small rate reduction on Mustang SVT Cobra coverage depending on your company.
  • Drivers Ed for Students – It’s a good idea to have your young drivers participate in a local driver’s education class in high school.

As is typical with insurance, many deductions do not apply to the overall cost of the policy. A few only apply to individual premiums such as liability and collision coverage. So when the math indicates adding up those discounts means a free policy, auto insurance companies aren’t that generous.

A few of the larger companies and a summarized list of policyholder discounts are included below.

  • Progressive may include discounts for multi-vehicle, good student, continuous coverage, multi-policy, and homeowner.
  • AAA discounts include multi-car, education and occupation, AAA membership discount, pay-in-full, and anti-theft.
  • Farmers Insurance may have discounts that include alternative fuel, homeowner, electronic funds transfer, youthful driver, good student, and pay in full.
  • GEICO policyholders can earn discounts including defensive driver, driver training, multi-policy, emergency military deployment, anti-lock brakes, air bags, and multi-vehicle.
  • Esurance offers premium reductions for online quote, multi-car, good driver, good student, anti-theft, and online shopper.
  • SAFECO has savings for teen safety rewards, anti-lock brakes, homeowner, safe driver, teen safe driver, and accident prevention training.
  • State Farm includes discounts for driver’s education, multiple policy, good driver, passive restraint, Steer Clear safe driver discount, and safe vehicle.

When comparing rates, check with all the companies the best way to save money. Discounts may not apply to policies everywhere. To locate insurance companies that offer the discounts shown above, click here.

Tailor your auto insurance coverage to you

When buying proper insurance coverage, there is no perfect coverage plan. Every situation is different.

Here are some questions about coverages that can aid in determining whether or not you could use an agent’s help.

  • Why do I need rental car insurance?
  • Am I covered if I drive in a foreign country?
  • Do I have any recourse if my insurance company denies a claim?
  • Is other people’s property covered if stolen from my vehicle?
  • Can I drive in Mexico and have coverage?
  • Does insurance cover tools stolen from my truck?
  • Am I covered when renting a car or should I buy coverage from the car rental agency?
  • Is my Ford Mustang SVT Cobra covered if I use it for business?
  • What are the best liability limits?

If you can’t answer these questions but one or more may apply to you, you might consider talking to an agent. To find an agent in your area, take a second and complete this form.

Information about specific coverages

Learning about specific coverages of your car insurance policy helps when choosing which coverages you need at the best deductibles and correct limits. Car insurance terms can be difficult to understand and coverage can change by endorsement.

Comprehensive coverages – Comprehensive insurance coverage will pay to fix damage that is not covered by collision coverage. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive coverage protects against things like a broken windshield, damage from flooding and falling objects. The highest amount your car insurance company will pay is the ACV or actual cash value, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Uninsured and underinsured coverage – Your UM/UIM coverage protects you and your vehicle’s occupants from other drivers when they either have no liability insurance or not enough. This coverage pays for injuries sustained by your vehicle’s occupants and also any damage incurred to your Ford Mustang SVT Cobra.

Since many drivers only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage should not be overlooked.

Collision coverage – Collision coverage pays for damage to your Mustang SVT Cobra resulting from a collision with an object or car. You first must pay a deductible and then insurance will cover the remainder.

Collision coverage protects against things such as sideswiping another vehicle, crashing into a ditch, backing into a parked car and colliding with another moving vehicle. Paying for collision coverage can be pricey, so consider dropping it from vehicles that are older. Another option is to bump up the deductible to get cheaper collision coverage.

Liability insurance – This coverage can cover damages or injuries you inflict on people or other property in an accident. This coverage protects you from claims by other people, and does not provide coverage for damage to your own property or vehicle.

Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have policy limits of 100/300/100 that means you have a limit of $100,000 per injured person, a per accident bodily injury limit of $300,000, and a limit of $100,000 paid for damaged property.

Liability can pay for things such as repair costs for stationary objects, repair bills for other people’s vehicles, emergency aid, legal defense fees and structural damage. How much liability coverage do you need? That is your choice, but buy as much as you can afford.

Coverage for medical payments – Medical payments and Personal Injury Protection insurance pay for short-term medical expenses for things like X-ray expenses, hospital visits and chiropractic care. The coverages can be used to fill the gap from your health insurance plan or if there is no health insurance coverage. They cover not only the driver but also the vehicle occupants in addition to if you are hit as a while walking down the street. Personal Injury Protection is not universally available but can be used in place of medical payments coverage

Online plus local equals savings

Cheaper insurance can be purchased on the web and from local agencies, and you should compare rates from both to get a complete price analysis. There are still a few companies who don’t offer rates over the internet and most of the time these smaller providers provide coverage only through independent insurance agents.

Insureds switch companies for many reasons like extreme rates for teen drivers, questionable increases in premium, an unsatisfactory settlement offer and not issuing a premium refund. Regardless of your reason, choosing a new insurance company can be easier than you think.

When searching for affordable auto insurance quotes, never skimp on coverage in order to save money. In many instances, someone dropped full coverage to discover at claim time that saving that couple of dollars actually costed them tens of thousands. Your objective should be to find the BEST coverage at a price you can afford and still be able to protect your assets.

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